Rising staking demand and reduced unstaking pressure point to growing long-term confidence in Ethereum
Ethereum’s staking landscape is undergoing a significant structural shift as the validator exit queue has dropped to near zero for the first time since July. This development suggests declining selling pressure and renewed confidence among long-term holders, supported by a sharp increase in new staking activity.
Ethereum Validator Exit Queue Collapse Reduces Selling Pressure
Recent network data shows the validator exit queue has fallen to just 32 ETH, with an average wait time of about one minute. This marks a 99.9% decline from its peak of 2.67 million ETH recorded in mid-September. A near-empty exit queue means validators are no longer lining up to unstake, allowing any exit requests to be processed immediately.
Unstaking is often associated with plans to sell or rebalance holdings, while continued staking reflects confidence in Ethereum’s long-term outlook.
At the same time, the validator entry queue has surged to 1.3 million ETH, its highest level since mid-November. This indicates strong renewed demand for staking, with new participants far outpacing exits.
A major driver of this shift is BitMine’s aggressive Ethereum accumulation and staking strategy. Since late December, the firm has staked 659,219 ETH valued at approximately $2.1 billion, including 82,560 ETH added in early January. BitMine now holds over 4.1 million ETH, representing about 3.4% of total supply.
This combination of falling exit pressure and rising institutional staking strengthens Ethereum’s outlook as a long-term yield-generating asset.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.